Points Paid to Secure a Mortgage to Purchase a Primary

question 119

True/False

Points paid to secure a mortgage to purchase a primary residence will generally be tax deductible as interest in the year they are paid.

---

Definitions:

Surface Area

The total area of the external surface of a three-dimensional object.

Spherical Shape

Pertains to objects or entities having the shape of a sphere, which is perfectly round in three dimensions.

Peroxisomes

Organelles found in virtually all eukaryotic cells that break down fatty acids and detoxify certain chemicals.

Degrade Lipids

The biochemical process of breaking down lipids into smaller molecules, often through the action of enzymes.